Richmond Vanadium Technology Pty Ltd. · ASX:RVT
Richmond Vanadium Technology Pty — Bell Potter Unearthed Conference 2024
23 slides from Richmond Vanadium Technology Pty's conference presentation, Feb 13, 2024
Slide 1: Bell Potter Unearthed Conference Presentation
POWERING THE FUTURE For personal use only ASX Investor :Update RVT| December 2022 BELL POTTER UNEARTHED CONFERENCE PRESENTATION | ASX:RVT FEBRUARY 2024
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER • are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have bee
Slide 3: Vanadium – A Critical Mineral for the Future
VANADIUM – A CRITICAL MINERAL FOR THE FUTURE • Named after Norse Goddess of beauty - Vanadis For personal use only • 22nd most abundant element in the earth’s crust • Found in over 65 minerals in nature – titanomagnetite, hydrocarbons and oxide sediments • Unique chemical and physical properties – c
Slide 4: Vanadium Uses – From Steel & Alloys to Grid Scale Batteries
VANADIUM USES – FROM STEEL & ALLOYS TO GRID SCALE BATTERIES For personal use only • ~90% used in steel - making it stronger and lighter 1 • Alloys are used in aerospace, weapons and dentistry • Superconducting alloys used in magnets • Also used in ceramics, glass coatings and jewellery • Acts as a c
Slide 5: The Vanadium Redox Flow Battery (VRFB)
THE VANADIUM REDOX FLOW BATTERY (VRFB)1 • Safe – non-flammable and no cross-contamination risk For personal use only • Long life (+20yrs) and scalable to any capacity • Full depth of discharge and wide temperature range • Recyclable – electrolyte can be re-used indefinitely • Cost competitive over l
Slide 6: VRFBs in Operation, Under Construction and Announced
200 VRFBs IN OPERATION Dalian Rongke Power (China) 42 VRFBs UNDER CONSTRUCTION 49 VRFBs ANNOUNCED For personal use only San Diego Gas & Electric (USA) North Harbour Clean Energy (NSW) Yadlamalka (South Australia) Energy Superhub Oxford (UK) Investor Update Source: Vanitec 6 February 2024 | | Decembe
Slide 7: Vanadium Demand Growth
VANADIUM DEMAND GROWTH1 Vanadium Demand in Vanadium Flow Batteries For personal use only 160,000 140,000 Metric Tons V Deployed Per Year 120,000 100,000 80,000 60,000 40,000 20,000 0 2022 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e 7 Investor Update February 2024 | | December ASX:RVT 2022 | ASX:
Slide 8: Meeting Future Vanadium Demand
MEETING FUTURE VANADIUM DEMAND Vanadium Production and Consumption 280,000 For personal use only 260,000 240,000 74,000 MTV/year in supply from new sources is required by 2030 in order to meet the 2030 demand projection, 220,000 including the Guidehouse Research forecast 200,000 for vanadium use in
Slide 9: Vanadium Supply
Australia Brazil 28.9% VANADIUM SUPPLY1 0.5% Russia World’s United States • Current production ~120ktpa – 90% from 4 countries 19.6% Vanadium 0.2% Reserves For personal use only – China, Russia, South Africa and Brazil (2022) China • Production from secondary sources 37.2% South Africa – steel slag,
Slide 10: Global Primary Mineral Resources
GLOBAL PRIMARY MINERAL RESOURCES Resource Tonnes Resource Grade Concentrate Grade 2000 3.00% For personal use only 1800 2.50% 1600 1400 2.00% V2O5 Grade (%) Million Tonnes (MT) 1200 1000 1.50% 800 1.00% 600 400 0.50% 200 0 0.00% Richmond Vanadium Bushveld Australian Bushveld Technology Largo Maracas
Slide 11: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW1 For personal use only • Mining friendly jurisdiction within the North-West Minerals Province of Queensland (Australia) • Close to major infrastructure and services • PFS completed in 2019, updated in 2021 • BFS underway for completion in June Quarter 2025 • Enviro
Slide 12: Largest Mineral Resource of Its Kind in the World
LARGEST MINERAL RESOURCE OF ITS KIND IN THE WORLD1 For personal use only Global Mineral Resource estimate of 1.8Bt @ 0.36% for 6.65Mt V2O5 at 0.30% cut-off Ore Reserve estimate of 459Mt @ 0.49%for 2.25Mt V2O5 1 Refer Prospectus dated 14 October 2022, Section 4 and Supplementary Prospectus dated 21 O
Slide 13: Simple Geology and Low-Cost Mining
SIMPLE GEOLOGY AND LOW-COST MINING1 For personal use only • Mineralisation associated with the Toolebuc formation at an average depth of 2 - 25m • Starter pit to focus on upper mineralised zone: – highest grade based on drilling to date (0.52% V2O5) – free dig open cut mining with very low strip rat
Slide 14: Comparison of Estimated Production Cost Breakdown
COMPARISON OF ESTIMATED PRODUCTION COST BREAKDOWN Soft Oxide vs Titanomagnetite Vanadium Deposits Concentrating Recovery For personal use only to minimum 98% to meet vanadium flake standard TITANOMAGNETITE VANADIUM DEPOSIT Drill & Blast Mining Milling Concentrating Roasting Leaching Purifying ≈10% ≈
Slide 15: Mine to Metal to Battery
MINE TO METAL TO BATTERY An economic analysis for beneficiation to a concentrate in Australia, and a comparison of recovery offshore in China or onshore in Australia was carried out as part of the PFS. The PFS recommended that recovery to produce V2O5 flake be carried out offshore due to lower capit
Slide 16: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only CAPITAL STRUCTURE KEY SHAREHOLDERS Directors, Management RVT $15.6m $84m & Staff (inc assoc) 8% ASX Code Cash Market Cap (as at 31/12/2023) (as at 9/2/24 Institutions / Corporate 15% 221.8m 13.5m 3.3m Shares Options Performance on Issue on Issue1 Rights2 Othe
Slide 17: Environmental - Social - Governance
ENVIRONMENTAL - SOCIAL - GOVERNANCE Environmental Social Governance For personal use only • Environmental Impact • We serve as a catalyst • We value accountability, Statement underway – for local economic transparency, fairness and final terms issued March development through responsibility for the
Slide 18: Investment Advantage
INVESTMENT ADVANTAGE For personal use only Location Potential Feasibility & Timing Environmental Mining-friendly jurisdiction One of the largest Regulatory approvals and of Australia, close trading undeveloped oxide Approvals underway final investment decision partner with China vanadium resources P
Slide 19: Contact Us
This presentation has been authorised for release by the CONTACT US Board of Richmond Vanadium Technology Limited For personal use only Jon Price Managing Director T: +61 8 6141 9500 E: info@richmondvanadium.com.au Ben Creagh Media & Investor Relations T: +61 417 464 233 E: benc@nwrcommunications.co
Slide 20: Appendices
For personal use only APPENDICES Investor Update | December 2022 | ASX:RVT
Slide 21: Appendix - Mineral Resource and Ore Reserve Estimates
APPENDIX 1 - MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 Richmond – Julia Creek Project Richmond – Julia Creek Project Mineral Resource and Contained Metal (at 0.30% V2O5 cut-off) Ore Reserve (Lilyvale Deposit) For personal use only Tonnage V2O5 V2O5 Tonnage V2O5 V2O5 Deposit Category Category (MT)
Slide 22: Appendix - Summary of Key PFS Outcomes
APPENDIX 2 - SUMMARY OF KEY PFS OUTCOMES1 PFS outcome PFS outcome Sensitivity Analysis Measure US$9.60/lb V2O5 US$9.60/lb PFS outcome PFS outcome PFS outcome (Study Price) Measure V2O5 at US$7.60/lb US$8.60/lb US$10.60/lb Life of Mine (LOM) (Study Price) V2O5 V2O5 V2O5 For personal use only PFS (Ini
Slide 23: Appendix – Peer Comparison Table
APPENDIX 3 – PEER COMPARISON TABLE Resource Resource Resource Total Resource Concentrate Company Code Project Stage Grade Information Source and Notes Category Tonnes (Mt) (Mt @ V2O5 %) Grade (V2O5 %) Indicated 429.4 0.50 Richmond Richmond – 1,838Mt @ 0.36% Refer Prospectus dated 14 October 2022 and
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